Sponsor Optiva for Prudential RideLondon 100
Latest News

Botswana backs Tlou Energy’s methane project plans

The Government of Botswana has approved Tlou Energy’s environmental impact statement (EIS) for a coal bed methane project following a final review.

The decision, which followed a public consultation, allows London-listed Tlou to apply for a production licence for the 50MW Lesedi development.

Tlou executive director Gabaake Gabaake said: “We continue to deliver milestones which de-risk our development of a 50MW CBM project at Lesedi and the granting of the EIS is good news for the company, for the Lesedi project and for the people of Botswana.

“The EIS is a prerequisite for the mining licence which, when granted, provides security of tenure over our licences.

“Environmentally there is a need in Botswana for the development of a relatively clean, low carbon energy source to replace the use of diesel in the production of electricity.

“CBM from the Lesedi project provides one component of a future clean energy mix.”

Tlou, an Australian-headquartered firm which was founded in 2009, said last month it had raised £1.7million through the placement of 31.5million new ordinary shares.

The firm said it would use the money to advance its projects in Botswana.



SOURCE: Energy Voice